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Requirement 1. Prepare Candace Communications' statement of retained earnings for the year ended July 31, 2024. Assume that there were no dividends declared during

Requirement 1. Prepare Candace Communications' statement of retained earnings for the year ended July 31, 2024. Assume that there were no dividends declared during the year and that the business began on August 1, 2023. (Enter a "0" for any zero balances. Include only applicable transactions during the period.) Candace Communications Statement of Retained Earnings Year Ended July 31, 2024 Retained Earnings, August 1, 2023 Retained Earnings, July 31, 2024

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